via Gizmodo
The military incursion has forced Ukraine’s two leading neon suppliers to suspend operations, a major disruption with global economic consequences. Neon is critically important to semiconductor chip manufacturing, and nearly half of the world’s semiconductor-grade neon originates from these two suppliers, Ingas and Cryoin, Reuters notes.
Reuters estimates the two firms produce between 45% and 54% of the specific type of neon needed to manufacture semiconductor chips. Under normal circumstances, Ingas pumps out 15,000 to 20,000 cubic meters of neon per month, with about 75% of that going directly into the chip industry. Global neon production reaches 540 metric tons per year, according to market research firm Techcet. While Cryoin halted operations on the day of the invasion, Ingas had managed to maintain production as Russian forces invaded, but it eventually halted operations this week due to the escalating conflict. That conflict hit close to home for Ingas on Wednesday when Russia’s military reportedly bombarded a maternity hospital in Mariupol, the city where Ingas is based, according to the World Health Organization.
Those disruptions pose a dire threat to an industry that just began its path to recovery from two years of pandemic-related supply chain shortages. Shocks from those shortages have led to production delays of everything from Ford F-150s to Apple electronics and just about everything in between.
You think the gas shock has hit you hard? Wait till it continues down to damn near every consumer electronic device you buy. It will definitely hit our own military and industrial tech too.
We are not looking at an economic downturn/slowdown but if this drags on we're looking at a worldwide RECESSION or worse!
Cooler heads have to prevail or its gonna be bad for everyone...I'm not talking about just the war but the economic consequences of this thing too.
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